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- W2363532756 abstract "The birth of the MM Theory represents a new stage of the capital structure study.In its initial stage of studies this theory was based on the hypothesis of non-corporate tax.Later on,it was revised on the consideration of corporate tax and personal income tax.On the basis of the MM Theory,such modern capital structure theories as Balance-weighing Theory,Asymmetric Information Theory,etc.were established.They all contributed a lot to the advancement of the MM Theory.This ancient and matured western theory is not only of great value for western countries in their financing decision but also of referential use for China in our capital structure optimization,capital market development and establishment of modern firm system." @default.
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- W2363532756 date "2001-01-01" @default.
- W2363532756 modified "2023-09-25" @default.
- W2363532756 title "MM Theory and Its Enlightenment to China" @default.
- W2363532756 hasPublicationYear "2001" @default.
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